Internal Revenue Service

U.S. 01/22/22, 00:52

The 2022 tax season begins next week, but taxpayers may have to brace for delays as the Internal Revenue Service faces a pileup of unprocessed returns due to the COVID-19 pandemic and other related disruptions, according to Fox Business.  The National Taxpayer Advocate has sent a report to Congress in which it estimated that the ...

Washington 10/05/21, 22:56

The huge 2022 infrastructure budget contains a clause that will force banks and financial institutions to report all transactions over $600 to the IRS (Internal Revenue Service). But, according to the Treasury secretary, it will not violate people's privacy. According to Treasury Secretary Janet Yellen, there are billions of dollars owed ...

U.S. 09/26/21, 21:49

A Democrat who occupies the Oval Office could owe the federal government hundreds of thousands of dollars in back taxes, new documents revealed. Joe Biden potentially avoided paying up to $500,000 in payroll tax before he came into office. That is one conclusion from an updated memorandum of Internal Revenue Service ...

U.S. 09/22/21, 16:36

The Biden administration has released a proposal to empower the IRS to monitor transactions going into and out of personal and business bank accounts, raising concerns about Americans' right to privacy. Accordingly, banks would be required to turn over to the Internal Revenue Service (IRS) detailed information on all deposits and ...

U.S. 07/20/21, 17:16

Proposed tougher tax enforcement rules will not be introduced to fund a $1.2 trillion infrastructure bill, a Republican from Ohio said. Sen. Rob Portman confirmed a major Internal Revenue Service (IRS) revenue-raising measure will not be adopted to pay for the bipartisan bill. Portman revealed his GOP colleagues do not like involving ...

U.S. 07/19/21, 18:33

A $1.2 trillion infrastructure bill will exclude proposed tougher tax enforcement, a Republican from Ohio said. Sen. Rob Portman is deeply concerned about his colleagues sacrificing a major Internal Revenue Service (IRS) revenue-raising measure, to rescue a bipartisan deal with the Democratic Party. Portman believes it is important to hold suspected tax ...

U.S. 03/29/21, 05:58

A Democrat who runs the country will consider every option to help pay for another record-breaking relief package, a Biden administration official revealed. The White House suggested President Joe Biden could raise taxes to pay for his next Chinese Communist Party (CCP) virus stimulus bill. "The total package, we are still working out ...

U.S. 03/23/21, 03:06

Democrats who run the country are expected to unveil a stimulus plan that could cost the nation an unprecedented sum. The Joe Biden administration is preparing to announce an infrastructure, climate, and jobs proposal that could cost twice the amount taxpayers contributed for the largest-ever $1.9 trillion Chinese Communist Party (CCP) ...

U.S. 03/22/21, 04:34

According to a congressional subpoena released by The Baltimore Sun, federal prosecutors have launched a criminal investigation into Baltimore City Council President Nick Mosby and State's Attorney Marilyn Mosby, subpoenaing her campaign and the couple's business records. Tax returns, bank accounts, credit card statements, loan papers, and canceled checks were among ...

2022 Campaign 10/07/20, 03:07

Federal relief funds should not be used to pay for the mistakes of "poorly run" jurisdictions, the president said. President Trump has postponed talks with House Democrats on the next CCP (Chinese Communist Party) Virus stimulus package until after the upcoming election on Nov. 3. "I am rejecting their request, and looking ...

Washington 09/28/20, 04:02

A sensational story appeared in one of the nation's oldest newspapers about the president's private financial records, prompting him to fully disclose the information as soon as possible. President Donald Trump is challenging a New York Times article that accused him of not paying any personal income tax in 10 out ...

2022 Campaign 09/17/20, 02:44

A bureau of the U.S. Treasury Department found a way to provide welcome relief to some of those affected by government lockdowns implemented to contain the deadly Asian disease. The IRS will bypass Congress and send backdated CCP (Chinese Communist Party) Virus stimulus payments to about 50,000 struggling Americans, whose economic ...

U.S. 06/26/20, 04:23

A national executive department and its revenue agency accidentally sent federal assistance to more than 1 million dead individuals during the deadly Asian pandemic, a report to Congress said. The U.S. Government Accountability Office (GAO) has found that the Department of the Treasury and the IRS paid nearly $1.4 billion of ...

Politics 04/05/19, 17:10

An attorney representing President Donald Trump argued Friday that a request for the president's tax returns "would set a dangerous precedent" if granted and that the IRS cannot legally divulge the information. Rep. Richard Neal, the Democratic chairman of the House Ways and Means Committee, has formally asked the Internal Revenue ...

U.S. 10/04/18, 11:06

The Internal Revenue Service has reinstated the tax-exempt status of a nonprofit operated by white nationalist Richard Spencer, who has been banned from using mainstream online platforms to raise money.Spencer's Alexandria, Virginia-based National Policy Institute Inc. automatically lost its tax-exempt status as a 501(c)(3) nonprofit more than a year ago ...